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09-Jan2019

Gold futures end lower as dollar straightens

Gold futures ended lower on Tuesday, as stock markets rebounded from its early losses with the improved dollar, dulling investment appeal of the bullion. Meanwhile, prospects of trade deal talks between US and China also weighed on the yellow metal investments. Gold, which is traditionally seen as a safe heaven of value during times of geopolitical uncertainty, tends to fall when tensions ease.

Gold futures for February delivery settled down 0.3 percent at $1,285.90 on the Comex division of the New York Mercantile.  Spot gold was down 0.3 percent at $1,285.30 per ounce.


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